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Welcome back to follow the money the money missing from the customer counts -- MF global could be one point two billion dollars -- as first feared and the former.
Head of MF global Jon Corzine has some really tight ties to the White House take a listen to Obama raving about his belt his pal Corzine.
-- -- jobs.
Court that was at the forefront.
He worked would -- well the Recovery Act he was one of the best colleagues I had.
In the senate but he is also one of the best partners I have in the white we worked together.
Joining me now Brian darling heritage Foundation's senior fellow Brian hoops this is an oops moment for the Obama administration fact there's another sound -- of of Joseph Biden saying -- we're -- tap this Smart guy Jon Corzine and help us figure of the stimulus plan you know -- 800.
Sixty billion dollar stimulus plan that produced no jobs.
Yeah I mean they are very close when you look behind me history.
Between Barack Obama and John Corzine it goes all the way back to 2004 when Barack Obama was elected senator in Illinois.
Jon Corzine was headed.
Democrat senatorial committee helped funnel money to his campaign helped him get elected you fast forward to 2008 stimulus plan.
Barack Obama president Barack Obama needs help to get support.
He goes to Jon Corzine then after Jon Corzine gets bounced because he did such -- -- job as governor of New Jersey.
By Chris Christie.
He ends up but MF global where he's caused a huge problem being investigated by everybody in the world right in what did he -- he funneled money to -- Obama campaign -- -- Democrats -- personally maxed out the president Obama's campaign he got executives to give about a 150000.
Dollars and he himself bundled.
A half million dollars to present -- -- -- reelection now right.
Right he's a bottler in 2008 half a million dollars and and since he's -- MF global -- -- doesn't intend.
It was -- like something like a 120002.
Democrats 4000 to Republicans and for the 2012 cycle.
MF global -- this this is of course I'm personally but MF global probably a pack sending a 130000.
Head against 8000 to the -- on -- 32 bombs -- 130000 Democrats a -- Republicans.
Here's the issue though I know will something about this another group but I've traded with a group.
There's a -- there's one point two billion dollars missing now at some point they're gonna find some of this for some of this money is customer money.
That is being used to cover either losses or margin on.
On MF global -- count so -- gonna come back.
However it's illegal what they did or at least -- -- -- a lot of the -- what they did will Jon Corzine personally be responsible.
For breaking the rules that I mean we're just have a blatant breaking of the rules by using customer money.
To support some of the at the bank's financing.
That's the million dollar question no pun intended I mean he gave so much money -- this administration can they investigate him without the appearance.
Of them being the highest in favor of a guy who raised.
Boatloads of money for the Obama administration will we ever know the nature of the specific contacts between Corzine and MF global and the Obama administration that information needs to get out in public because the American people have a right to -- Yes we do well and that doesn't.
But it it's not so much the American people right now but there's a whole lot of customers -- quite tens of thousands of customers.
Or a lot of money if he gets a walk because -- a friend of Obama that's going to be big problem Brian darling that's it thank you.
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